Bank to 'wait' on stimulus measures

Bank of England Governor Mervyn King is expected to wait on stimulus measures

The Bank of England is expected to hold fire on further recession-busting measures after pumping £200 billion in newly created money into the economy.

The Monetary Policy Committee (MPC) finished the latest round of its quantitative easing (QE) efforts last week and economists believe it will shift into "wait-and-see" mode to judge the strength of the recovery.

The Bank began QE in March last year when interest rates were cut to a record low of 0.5%. The MPC is also expected to leave rates unchanged at the meeting.

But experts have said there is still an outside chance of more QE following the UK's crawl out of its longest ever recession in the final three months of 2009.

Growth was a far lower than expected 0.1%, prompting fears that the UK could slide back into a "double-dip" recession.